Robeco Institutional Asset Management B.V. Has $5.70 Million Stock Holdings in TechnipFMC plc $FTI

Robeco Institutional Asset Management B.V. grew its holdings in shares of TechnipFMC plc (NYSE:FTI) by 14.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 144,513 shares of the oil and gas company’s stock after buying an additional 17,929 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in TechnipFMC were worth $5,701,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in FTI. Massachusetts Financial Services Co. MA raised its stake in shares of TechnipFMC by 1.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 10,141,701 shares of the oil and gas company’s stock worth $349,280,000 after purchasing an additional 189,637 shares during the last quarter. AQR Capital Management LLC boosted its holdings in TechnipFMC by 13.8% during the 2nd quarter. AQR Capital Management LLC now owns 9,938,410 shares of the oil and gas company’s stock worth $342,279,000 after acquiring an additional 1,202,713 shares during the last quarter. Boston Partners grew its stake in shares of TechnipFMC by 267.5% in the 2nd quarter. Boston Partners now owns 9,669,433 shares of the oil and gas company’s stock worth $333,041,000 after acquiring an additional 7,038,640 shares in the last quarter. Norges Bank bought a new position in shares of TechnipFMC during the second quarter valued at about $151,413,000. Finally, Pacer Advisors Inc. boosted its holdings in TechnipFMC by 91.5% during the third quarter. Pacer Advisors Inc. now owns 3,837,314 shares of the oil and gas company’s stock worth $151,382,000 after purchasing an additional 1,833,601 shares during the last quarter. Institutional investors own 96.58% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on FTI shares. Jefferies Financial Group lifted their target price on shares of TechnipFMC from $47.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Barclays lifted their price target on TechnipFMC from $51.00 to $53.00 and gave the stock an “overweight” rating in a report on Monday, October 27th. TD Cowen raised their target price on TechnipFMC from $47.00 to $56.00 and gave the company a “buy” rating in a research report on Wednesday. BNP Paribas set a $47.00 price target on shares of TechnipFMC and gave the stock an “outperform” rating in a report on Friday, October 10th. Finally, BNP Paribas Exane raised shares of TechnipFMC from a “neutral” rating to an “outperform” rating and set a $47.00 target price for the company in a research report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $48.46.

TechnipFMC Stock Up 1.3%

Shares of NYSE:FTI opened at $50.06 on Friday. The firm has a market capitalization of $20.25 billion, a P/E ratio of 22.35, a P/E/G ratio of 0.98 and a beta of 0.66. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.90 and a current ratio of 1.13. The stock has a 50 day moving average price of $45.01 and a 200-day moving average price of $39.73. TechnipFMC plc has a 52-week low of $22.11 and a 52-week high of $50.44.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings results on Thursday, October 23rd. The oil and gas company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.10. The company had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.60 billion. TechnipFMC had a return on equity of 30.23% and a net margin of 9.67%.The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.64 earnings per share. As a group, equities research analysts anticipate that TechnipFMC plc will post 1.63 EPS for the current fiscal year.

TechnipFMC announced that its Board of Directors has authorized a share buyback program on Wednesday, October 22nd that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the oil and gas company to buy up to 13.3% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its shares are undervalued.

TechnipFMC Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 3rd. Investors of record on Tuesday, November 18th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Tuesday, November 18th. TechnipFMC’s dividend payout ratio (DPR) is presently 8.93%.

TechnipFMC Profile

TechnipFMC is an integrated oilfield services and technology company that designs, manufactures and delivers systems and services for the energy industry. The company’s activities span the full lifecycle of oil and gas projects, with capabilities in subsea production systems, surface wellhead and intervention equipment, and onshore/offshore engineering and construction. TechnipFMC combines engineering and project management with fabrication, installation and maintenance services to help operators develop and produce hydrocarbon resources.

Its product and service portfolio includes subsea hardware such as trees, manifolds, umbilicals, risers and flowlines, as well as surface equipment for drilling, completions and well intervention.